MIRA INFORM REPORT
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Report Date : |
08.08.2012 |
IDENTIFICATION DETAILS
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Name : |
ARVIND TRADING COMPANY |
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Registered Office : |
# F/82, Peoples park complex, Colombo 11 |
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Country : |
Sri lanka |
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Date of Incorporation : |
20.01.1998 |
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Com. Reg. No.: |
WA 98464 |
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Legal Form : |
Proprietorship Concern
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Line of Business : |
Importers and Exporters of all kinds of food items |
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No. of Employees : |
Approximately 15 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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Sri Lanka |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
GENERAL
Basic information at
a glance
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Name of Subject of Inquiry |
: |
ARVIND TRADING
COMPANY |
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Legal
Form & Status |
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Proprietorship Concern (In operation) |
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Proprietor |
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N.
Ganesh |
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Primary Line of Business |
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Importers and Exporters of al kinds of
food items |
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Place of Business |
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# F/82 Peoples park complex, Tel. No: (00 94 11) 583 1666 Fax No: (00 94 11) 245 4381 E Mail: arvindtc@sltnet.lk |
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No. of Employees |
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Approximately 15 |
COMPANY DETAILS
Registration and Shareholder Details
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Registration No |
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WA 98464 |
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Date of Registration |
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20th January 1998 |
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Registered Office |
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# F/82, Peoples park complex, |
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Proprietor |
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N.Ganesh |
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Auditors |
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Rajen & Ranganathan |
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Bankers |
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DFCC Vardhana
bank Sampath bank |
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CURRENT INVESTIGATION
·
History.
The Subject Concern ARVIND TRADING COMPANY is
Proprietorship Concern
incorporated on 20th January 1998 under registration number WA 98464
·
Location.
The Subject
Concern is located at the client given address # F/82, Peoples park complex,
Colombo 11. This a shopping /
office complex situated in the heart of the Colombo Business area..
·
Operations
Details.
General
The subject
concern primary line of business is Importers
and Exporters of al kinds of food items
Products
All kinds of food
items - Rice, lentils, sugar, chillies etc.
Importing countries
Australia
India
Pakistan
Thailand
Canada
China and Brazil
Employees
Approximately 15
·
Financial Data
The concern has
declined to provide information on its finances
·
General Comments
When the Subject Concern was contacted they were
very cooperative and provided all the basic information to prepare this report.
But they refused to provide financial information of the Subject Concern
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Trade references
The subject
concern did not provide any trade reference referrals
·
Credit
Recommendations
Since no financial
information has been forthcoming from the concern, it is not possible to
comment on the merits or otherwise of the concern.
No computerised data
bases exist to make checks whether the partners or the concern has any legal
action or lawsuit initiated against any of them but informal (but not in-depth)
checks do not indicate any such cases in the public knowledge.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.50 |
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UK Pound |
1 |
Rs.86.40 |
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Euro |
1 |
Rs.68.69 |
INFORMATION DETAILS
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Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this report.
The assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.